If you intend to keep your corporation until the end of your life, it could add complexity to your estate plan. Without the right strategies in place, you could end up paying more tax than you need to. There are many pitfalls to avoid and opportunities to know about.
Approaching retirement with substantial assets in your corporate account? Learn why it’s important to creat...
Other content in this Stream
Approaching retirement? Learn whether it can be better to dissolve your medical professional corporation or convert it into a holding company.
Physicians in group practice may be eligible to receive the Canada Emergency Wage Subsidy. Learn more about the program, including how to apply for it.
Learn about the benefits and responsibilities of being a shareholder in a physician’s medical professional corporation.
Incorporated physicians typically invest in their corporate accounts, but they can come out ahead using TFSAs. Learn how.
The tax deferral advantage of incorporating is explained in detail.
Financial advice for locum tenens: tax planning, incorporation, insurance.
When you begin to draw income in retirement, there are different tax consequences for each source of cash flow.
If you have a corporation without a capable executor, you could be subject to double taxation.
If you are a newly incorporated physician, make sure you understand these five incorporation terms.
If you are thinking of incorporating your medical practice, here are five questions to ask yourself.
Thinking of incorporating your medical practice? Here’s why you might want to give incorporation some thought...
Incorporated physicians can use an individual pension plan (IPP) to reduce taxes and save for retirement
Health and welfare trusts will be discontinued but could be converted to employee life and health trusts.
Before 2018 it made sense to shelter your earnings in your corporation alone. Today you might want to consider RRSPs and TFSAs. Learn why.
Incorporated physicians can save for retirement through their corporation and RRSPs. The new passive income rules could impact your strategy.
Many businesses incorporate to take advantage of certain benefits, but there's more to think about when incorporating a medical practice.
This incorporation guide for practicing physicians explains how you can integrate your corporate account into your overall financial plan and effectively manage your assets.
Approaching retirement with substantial assets in your corporate account? Learn why it’s important to create a tax-efficient income stream from your investments and what to do with your corporation.
This guide gives you an overview of estate planning and explains how you can minimize taxes at death.
Are you thinking about incorporating your medical practice? Learn about the basics of incorporating, what the advantages are, and what you need to beware of.